AIR's U.S. Hurricane Model Certified by the Florida Commission for the Twelfth Consecutive...

AIR's U.S. Hurricane Model Certified by the Florida Commission for the Twelfth Consecutive Year

BOSTON--(Business Wire)--
AIR Worldwide Corporation (AIR) today announced the certification
of its 2008 U.S. Hurricane Model by the Florida Commission on
Hurricane Loss Projection Methodology (Commission). The Commission
annually certifies models for use by insurers for developing Florida
residential property rate filings. AIR has met the rigorous standards
of the Commission every year since the Commission's inception in 1996.

"For the twelfth consecutive year, AIR met all of the standards
set forth by the Florida Commission," said David Lalonde, senior vice
president at AIR. "This rigorous verification process demonstrates the
robustness of our approach to incorporating the latest science and
data. Recent Florida legislative changes require insurers to use
Commission-certified models in developing both expected hurricane
losses and net cost of reinsurance estimates for residential rate
filings, making certified models even more valuable for clients
operating in this market."

AIR updates its Atlantic basinwide hurricane model every year.
This year, the focus was an update of the historical storm catalog to
incorporate updated storm parameters from the National Hurricane
Center (NHC) Atlantic basin hurricane database, also known as HURDAT,
for Florida and adjacent states. The impact of these updates on
modeled losses is generally small.

AIR's 2008 U.S. Hurricane Model will be available in Version 10.0
of CLASIC/2(TM), CATRADER(R), and CATStation(R) catastrophe risk
management systems.

About AIR Worldwide Corporation

AIR Worldwide Corporation (AIR) is the scientific leader and most
respected provider of risk modeling software and consulting services.
AIR founded the catastrophe modeling industry in 1987 and today models
the risk from natural catastrophes and terrorism in more than 50
countries. More than 400 insurance, reinsurance, financial, corporate
and government clients rely on AIR software and services for
catastrophe risk management, insurance-linked securities,
site-specific wind and seismic engineering analyses, and property
replacement cost valuation. AIR is a member of the ISO family of
companies and is headquartered in Boston with additional offices in
North America, Europe and Asia. For more information, please visit
www.air-worldwide.com.

AIR Worldwide Corporation
Kevin Long, 617-267-6645
klong@air-worldwide.com

Copyright Business Wire 2008